2021 Nordic Health Virtual Market Entry Programme: Selected Nordic Companies
This year, the Nordic Innovation House Singapore (NIH-SG) theme on Health aims to support and provide Nordic Health companies with an opportunity to expand their foothold in Singapore and Southeast Asia. The three-phase programme involves partnering with Singapore and Southeast Asia key partners managing and seeking solutions in the public and private healthcare sector.
Nordic countries and Singapore share a lot of similar challenges in healthcare, such as the rapidly ageing population, a limited number of hospital beds, increased burden on managing complex chronic diseases and the need for better patient experience. A more integrated care system focused on the primary care and community is key for future health and health care transformation.
This programme aims to connect the selected Nordic Health companies to address multiple problem statement areas through our partners introduction webinars, showcasing opportunities, and tailored 1-to-1 business matchmaking sessions. Furthermore, adopting and unifying #nordicmade digital solutions to transform the healthcare industry.
Jointly organised by NIH-SG and Nordic Partners at the Embassy of Finland, Innovation Norway, Business Sweden, Business Iceland, and the Embassy of Denmark in Singapore.
Check out the 11 selected Nordic Health Companies below or the Companies Profile Deck (with 5-min pitch video) here!
2021 Selected Nordic Health Companies
Clinical Solutions
AlgoDx | Sweden
Website: https://algodx.com/
AlgoDx develops clinically validated machine learning algorithms for autonomous disease prediction, empowering clinicians to deliver personalised care and early clinical intervention. The aim is to improve patient outcomes across various settings and reduce healthcare cost by providing accurate prediction, diagnosis, and treatment support. AlgoDx has established partnerships for the distribution of algorithms with leading EHR providers - Cambio Healthcare Systems and GE Healthcare.
Our flagship product, NAVOY Sepsis, is a CE-marked Software as a Medical Device. It is a clinical decision support tool that accurately predicts sepsis onset in adult ICU patients up to 3 hours in advance, against the gold standard diagnosis method, Sepsis-3. NAVOY Sepsis integrates with EHR systems and measurement devices to collect clinical data-points for sepsis prediction, alleviating the need for dedicated examinations and manual tabulation. With an accuracy of 86%, NAVOY Sepsis greatly reduce time until first clinical intervention, length of stay and costs incurred.
Optomed | Finland
Website: https://www.optomed.com/
Medical technology company Optomed is a leading manufacturer of handheld fundus cameras globally. By integrating our software and Artificial Intelligence solutions with our cameras, we enable eye screening for everyone – wherever they are. In addition to ophthalmic solutions, we offer process management tools for various cancer screenings, such as breast cancer, cervical cancer, and colorectal cancer screening. Our cancer screening process management solutions improve the efficiency of cancer screening processes by automation. It saves healthcare resources and costs and improves access to care.
Ophthalmology: Optomed's handheld and desktop fundus cameras; Avenue product family with software solutions to view, share and store fundus images; Avenue SaaS, Software-as-a-service, combining retinal imaging and AI-based analysis; Avenue Eye Screen, screening process management solution.
Oncology: Avenue Cancer Screen workflow management system, a software solution for breast, cervical and colorectal cancer units. It is scalable to manage individual stand-alone clinics or nationwide screening programs.
ProWellness Health Solutions | Finland
Website: https://www.prowellness.com/
Company Video: https://youtu.be/Jb7_fgENXew
ProWellness offers innovative eHealth systems for chronic diseases care including, e.g., diabetes, cardiovascular and heart diseases, COPD and chronic respiratory diseases. We offer clinical specialist systems to health services providers, and a smart assisted self-management with AI and 24/7 nurse-bots for patients. Balansio (https://www.balansio.com/), a mobile centric, AI-enabled, assisted self-care system used by individuals with diabetes, transforms diabetes management from clinic-based solutions to a next generation, digitalised and 24/7 automated remote care solution. Smart automated real-time 24/7 ‘nurse bots’ and intelligent Clinical Assistants provide patients with personalised guidance on their smartphones, anywhere and anytime.
Clinics define personalised goals and care plans for patients and switch on 24/7 automated functions (assistants). The care plans are deployed to patients' mobile phones and the system starts guiding and monitoring patients automatically 24/7. The solution also consists of medical device grade tools, e.g., a continuous daily HbA1c estimator and an automated bolus insulin dose calculator. Smart analytics notifies clinics of patients with problems, and clinics can monitor and prioritise their patients accordingly. Instructions and guidance get automatically sent to patient mobile phones. The system also has got a built-in communication channel between clinics and patients. ProWellness currently has customers in Finland, UK, Ireland, and Kenya.
Medified | Finland
Website: https://www.medified.fi |
Company Video: https://youtu.be/JNbAS9k1_ek
Medified is a health technology company founded in 2019 focusing on the digital development of mental health care. Our mission is to promote personalised care for mental health patients with dynamic treatment monitoring software. We provide cloud-based software to track self-treatment processes and obtain clinically relevant real-time information for better AI-enhanced treatment decisions. The core function of our solution is to measure and increase the treatment intensity and offer more support for patients with the help of AI.
The Medified mobile app works as a secure link between individuals and healthcare providers allowing the patients to capture daily mental well-being and communicate it to professionals precisely and securely. Cloud-based software for healthcare professionals analyses patient-produced data in real-time and provides valuable insight for professionals to use in clinical treatment decisions. By combining PROM mental health data with clinical information we enable personalised treatment and digital services. With the use of novel technologies, we provide better insights and psychoeducational care without causing excessive workload for professionals. In addition, our unique database can be used to optimise treatment paths, develop services and allocate resources. The solution is documented according to Medical Device Regulations and it has MDD Class I CE-certification and the unique algorithms have been co-created and iterated with several healthcare professionals.
HealthFOX | Finland
Website: https://www.healthfox.fi/rehabilitation/
Company Video: https://vimeo.com/581078736
Insomnia: https://vimeo.com/581081929
Covid-19 Care: https://vimeo.com/581076170
Physical Rehabilitation: https://vimeo.com/581089855
HealthFOX is a healthcare digitalisation company from Finland, providing an all-in-one patient centric digital health solution for remote and outpatient care needs. Connecting the entire healthcare team and chain with one integrated platform. Through automated, semi-automated and assisted self-care pathways and cognitive behaviour therapy for the patient to improve their motivation and adherence to care we create accountable patients. With machine learning algorithms the system TRIAGE patients, highlighting the focus for care. Empowering the doctor to prioritise their time and area most needed of treatment, as well as allowing therapists to see more patients digitally than in the conventional way. The service concept improves the professional time efficiency, the quality of care and quality of life of the patient. HealthFOX Easier Tomorrow is a CE-marked and MD CL-1 approved product, based on a US patented and EP patent pending method that is already integrated with EPIC.
HealthFOX will promote its digital care pathway for Insomnia and other mental Illnesses as well as extending to other clinical areas on life style medication, chronic disease and physical rehabilitation, that are required by the participating industry partners
Non-Clinical Solutions
Ninchat | Finland
Website: https://ninchat.com
Company Video: https://youtu.be/ewe2rDNz6F8
Ninchat demonstrates how future healthcare works by providing secured chats, video consultations, bots, and alert tools to public and private hospitals, and healthcare service companies. Specialists can be reached for internal consultation at multiple locations, in addition to receiving patients. Over 1M patients are annually consulted with the Ninchat solution.
Product: Chat | Video-call | Group-video | Bot | Alert toolEmbedded into patient portals and/or healthcare apps.
Can easily be connected to client authentications or appointment scheduling systems.
Interface is according to our customer’s brand look & feel.
Ninchat is quick to embed and a secure solution.
Ninchat runs on several platforms: Web / Responsive Mobile / Native SDK for iOS & Android.
Mobile alert app to share specialists across multiple locations.
Ninchat messaging and remote consultation platform can be tailored:
During offline-hours it can provide bot-assisted general information and collect information (like prescription renewal requests).
During working hours, it can additionally direct the call to the correct specialists, and collect situation specific background information.
Orkestr.io | Finland
Website: https://orkestr.io/
Orkestr.io goal is to enable fast access to healthcare and a good treatment experience all over the world. This is done with the use of data-driven processes that help to design more efficient treatment pathways for patients, to place human resources in right tasks and to plan service delivery according to real patient demand. Our solutions are used daily in multiple large regional Finnish healthcare centres and we are now looking to bring the technology and lean process management to other countries. Our personnel are highly educated IT experts with strong experience in healthcare process management. We use Artificial Intelligence and mathematical modelling to improve healthcare efficiency. By design, the software solutions can be tailored individually to different healthcare needs.
Our solutions excel in the following areas:Real-time patient flow management: Patient flow can be enhanced by over 30 %
Resource & Workforce planning: Planning time required from managers can be reduced by 50 % with efficient daily planning and placement system
Analytics & treatment model development: Patient queues can be disassembled faster with leaner processes than by just hiring more workforce
Simulation & What-if scenarios: Planning workforce use and service delivery can be simulated beforehand based on existing treatment data. Different personnel compositions and special treatment situations can be simulated and used to optimise the healthcare processes
Conexus | Norway
Website: https://www.conexus.net/
Conexus provides a digital learning platform, to support lifelong learning with built-in learning analytics. The product is developed in collaboration with education researchers to support the future of learning, which is Hyflex and blended. We have over 1M users on our learning platform, inclusive of 44,000 teachers from MOE, Singapore. More than 80% of the students in Norway are engaging in blended learning using a Conexus platform. A Norwegian healthcare organisation is also looking into this platform.
Our product could help an organisation bridge the gap as a technology offering to close the digital transformation towards the future of blended learning accelerated by the COVID-19 global pandemic. The platform also supports individual lifelong learning effectively and provide the organisation with the capability to track compliance & learning records and continuity. The platform provides both online and mobile devices access to allow busy health care staff to learn and get information. The platform s also built under a secured infrastructure according to Singapore GovTech specifications.
Verso Vision | Finland
Website: https://www.versovision.com/en
Verso Vision program identifies and monitors automatically patients’ activity and motions in their room. Verso Vision technology is based on an artificial intelligence and a machine vision analysis. The Verso system alerts automatically in the nurse call system if the patient falls, rises up from the bed, stays in the bathroom longer than usual or leaves the room (especially wandering and isolation patients). Verso’s monitoring and alert profiles can be defined patient-specifically or room-specifically. Verso Vision human recognition technology can be used, for example, in health and social services, in different fields of industry and safety or security solutions.
Verso Vision unique features: Verso Vision program takes care of 24/7 routine surveillance of the monitored space and reacts and alerts when necessary. Verso is unnoticeable for the patient or resident because there are no wearable or visible sensors. Neither is there any sensors in the floor. Verso Vision analyses situations and spaces automatically without anyone to personally watching the video image, therefore privacy status of the system can be adjusted, and remote monitoring can be taken into operation if needed.
Polssir | Finland
Website: http://www.pulssir.com/
Company Video: https://youtu.be/t-2JFa7nJrE
Pulssir project has been in existence for more than a year. We have come a long way from an idea to thirty prototypes and now we are preparing to produce five hundred devices in August - September 2021. And next year- 5000 devices. We have an international team of highly qualified managers and developers. And our team is extending. Recently, we reached the super final of Startup Arctic15 contest and were the finalists of KIUAS accelerator. We created a disruptive platform solution for continuous remote contactless monitoring of health and behaviour of elder and bedridden people based on micro-radar technologies and Artificial Intelligence.
From a distance of 3-4 meters Pulssir system allows:
measure pulse and respiratory rate remotely
predict the approach of critical situations (loss of consciousness, cardiac and respiratory arrests)
analyze day and night activities (e.g.apnea, insomnia)
Also, the product acts as a medical assistant for doctors to determine the early stage (5-7 days) of viral infections (including Covid-19).
Motitech | Norway
Website: http://motitech.no/en
Company Video: https://player.vimeo.com/video/344748964
Motitech has a vision of significantly impacting people around the world, empowering them to age well by increasing quality of life through enabling physical activity, mental stimulation and social connectedness. We battle inactivity by focusing on abilities instead of disabilities.
Motitech delivers a solution called Motiview, which aids seniors and people living with dementia to increase their physical activity, mental wellbeing, and social connectedness - by focusing on inherent motivation through the combination of a global video library together with adapted bikes; Unleashing inherent potential and supporting seniors being at their natural best.
Currently, 750 care facilities are using Motiview across globally and we estimate around 15,000 regular users. In addition, we plan on launching Motiview to private individuals using it from their own independent homes.
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